REG - Hammerson PLC - Hammerson increases its interest in Brent Cross

HammersonAnnouncement

Yesterday 09:30

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RNS Number : 2504I  Hammerson PLC  12 May 2025

12 May 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Hammerson plc ("Hammerson")

Hammerson increases its interest in Brent Cross

 

In response to recent press speculation, Hammerson confirms it is in a process
to acquire the units in the abrdn UK Shopping Centre Trust ("SCUT"), which
holds the 59% of Brent Cross not already held by Hammerson for a net cash
consideration of around £200m. Hammerson's existing managing stake, together
with the SCUT units already acquired or for which binding contracts have been
exchanged, currently represents an economic interest in Brent Cross of over
90%. The process is ongoing and a further update will follow in due course.

 

ENDS

 

Hammerson Investor Contact

Josh Warren, Hammerson, Director of Strategy, Commercial Finance &
Investor Relations

T: +44 (0) 20 7887 1053    E: josh.warren@hammerson.com

 

MHP for Hammerson

Oliver Hughes, Ollie Hoare and Charles Hirst

T: +44 (0) 20 3128 8100      E: Hammerson@mhpgroup.com

 

Market Abuse Regulation Statement: This announcement contains inside
information. The person responsible for arranging the release of this
announcement on behalf of Hammerson is Alex Dunn, General Counsel &
Company Secretary.

 

Notes to editors:

Hammerson is the largest UK-listed, pure-play owner and manager of prime
retail and leisure anchored city destinations across the UK, France and
Ireland. We own, manage and invest in landmark city destinations integrating
retail, leisure and community hubs to meet evolving customer and occupier
needs while delivering sustainable long-term growth for our stakeholders. Our
10 city locations rank in the top 20 of all retail venues across our
geographies and in the top 1% where retail spend is concentrated. Our
catchment reach of 40 million people attracts 170 million visitors per annum,
generating £3 billion of sales for our brand partners.

 

The announcement above has also been released on the SENS system of the
Johannesburg Stock Exchange and on Euronext Dublin.

 

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